Lenders who are lending and will take benefits into account.

mrburns_2

Can anyone advise if there are any lenders out there which will take benefits into account? All the income is provable.

Wage £15,621.00
Child Tax Credit £8,770.95
Working Tax Credit £941.26
Carers £2,761.20
DLA £4,628.00
Child Benefit £1,726.40
Total: £34,448.81

Once my current house sells I will have £20k equity and am looking at a house valued at £150K so will need a £130k mortgage.

Many thanks in advance

worcester1

noticed on the halifax website that they accept other incomes

dimbo61

Try YBS as they also take into account benefits

worcester1

celticlass51 wrote: »

I am really shocked at the amoun of 'benefit' you have!!! It does not seem morally right you claim more than you earn. sorry.

A combined income of 34k is not much considering the op has children. is a career and in employment. I am sure she is not abusing the benefit system and rightly deserve the help she is getting from the government.

Why don't you just stick to the original thread rather than making silly comments?

asandwhen

celticlass51 wrote: »

I am really shocked at the amoun of 'benefit' you have!!! It does not seem morally right you claim more than you earn. sorry.

The op has quite clearly stated that some of the benefit is DLA which I have taken to mean a child and the other parent is at home caring for that disabled child.

Given that how much do you think would be morally right?

herbiesjp

The "problem" you have, is that you are looking at over 85% borrowing

This means that the number of lenders available to you will be limited, as not many lenders will currently have a 90%LTV bracket

The other thing, is out of that limited number, not all will accept the income streams you have put down.

You will really need the help of an expert, as affordability will be an issue here, so you will need to make sure it is affordable not only now, but in the future - and also to make sure you do not waste credit searches on lenders where you will not fit criteria.

Get in contact with a whole of market mortgage adviser, and see if they can find you something suitable.

Hippychick

We got a mortgage with abbey and they would take DLA etc into account but only if it had been granted for life.

mrburns_2

Many thanks to the advice. Juggling the figures around I can just hit the 85% LTV mark so I will go and see if I can find a decent whole market broker.

iamana1ias

We're on the verge of a general election which the Tories are likely to win. What will happen if they remove some of the benefits you are currently claiming?